Bitcoin has no competition

[pereira4]

All those FUDsters that where saying year ago how Bitcoin would fail because another currency would take over get proven wrong year after year. The more time Bticoin is alive, the stronger it gets and the bigger the network effect. Sorry but there will not be a Bitcoin 2.0. Bitcoin will go to 100k+ per coin in the next 5 to 10 years, it will absorb all the value researched in the field if not directly through protocol improvements then through sidechains.

Bitcoin will remain the only solid coin. The only coin that survived for the longest time (other coins can't claim this unless they invent a time machine).
There will be alts that pump really hard and make people millionaires, but no alt is going to surpass Bitcoin's strength and solidity. No coin will get a bigger marketcap. In the long term people holding 21+ BTC will be rewarded by history with rich-tier status for seeing the value in it before most people did. Do not let the FUDsters trick your mind or the trolls try to derrail the excellent job being done by Core devs.

Let's continue then our path towards inevitable triumph.

[1714111914]

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[pedrog]

Bitcoin has been steadily losing market cap dominance, from 90%+ just two years ago to ~80% today.

When it comes to exchange dominance it's just 66.4%.

This trend will probably continue and in a few years there will be people using cryptocurrencies that do not know what bitcoin is.

[gentlemand]

Bitcoin has been steadily losing market cap dominance, from 90%+ just two years ago to ~80% today.

I could release mysmellyarsecoin tomorrow, print 20 million tokens, hype the shit out of it and put ten up for sale. Hey presto, I've just taken 10% of Bitcoin's market cap.

The coins that have taken Bitcoin's market cap have precisely zero use. That's when they're not forking all over the place.

The main use for all of it is still speculation by a long, long way. Bitcoin is the only one with a sliver of utility. Once that sliver grows, and there really isn't anything else with any utility, then the speculation will recede.

People can of course reward utility to other coins easily enough. There isn't any reason Doge couldn't do just as good a job, but comes a time when people have to settle on what they're going to reward value to otherwise it all turns to dust.

That's still Bitcoin and every day that it remains Bitcoin makes it stronger.

[Hazir]

Bitcoin has been steadily losing market cap dominance, from 90%+ just two years ago to ~80% today.

I could release mysmellyarsecoin tomorrow, print 20 million tokens, hype the shit out of it and put ten up for sale. Hey presto, I've just taken 10% of Bitcoin's market cap.

The coins that have taken Bitcoin's market cap have precisely zero use. That's when they're not forking all over the place.

The main use for all of it is still speculation by a long, long way. Bitcoin is the only one with a sliver of utility. Once that sliver grows, and there really isn't anything else with any utility, then the speculation will recede.

I want to support this arguments. These altcoins were not created as bitcoin upgrade or to innovate crypocurrency. Most of them are simply pump and dump scheme overhyped to seems like 'next big thing'.
News altcoin can possibly more advanced in technical field - for now, because bitcoin can be upgraded. But then never beat one and the most important attribute of BTC - near perfect initial distribution.
Bitcoin was created and was worthless, people noticed is potential and make it valuable. Altcoins are created because their developers want to cut corners and earn fast money.

[raphma]

I think the same.
Altcoin to me is just a way to multiply my bitcoins, sometimes all my bitcoins are invested in a few altcoins but in the end i sell all of them for more bitcoins.

[shamzblueworld]

I am not using any other crypto currency at the moment, but I don't think any of them will ever overtake bitcoin. Its the standard of all, its like money now, do you see money competing with anything else? I really don't see that. So I feel bitcoin will hold it own in the market and would probably keep growing.

[Mauser]

All those FUDsters that where saying year ago how Bitcoin would fail because another currency would take over get proven wrong year after year. The more time Bticoin is alive, the stronger it gets and the bigger the network effect. Sorry but there will not be a Bitcoin 2.0. Bitcoin will go to 100k+ per coin in the next 5 to 10 years, it will absorb all the value researched in the field if not directly through protocol improvements then through sidechains.

Bitcoin will remain the only solid coin. The only coin that survived for the longest time (other coins can't claim this unless they invent a time machine).
There will be alts that pump really hard and make people millionaires, but no alt is going to surpass Bitcoin's strength and solidity. No coin will get a bigger marketcap. In the long term people holding 21+ BTC will be rewarded by history with rich-tier status for seeing the value in it before most people did. Do not let the FUDsters trick your mind or the trolls try to derrail the excellent job being done by Core devs.

Let's continue then our path towards inevitable triumph.

There are quite a lot of actively traded and pricey alt coins around. I think Bitcoin will always remain #1 but they still have competition.

[pearnapple]

I think the same.
Altcoin to me is just a way to multiply my bitcoins, sometimes all my bitcoins are invested in a few altcoins but in the end i sell all of them for more bitcoins.

yeah, it is an easy way to make some good money if you are trading altcoins daily, in my opinion such trading might even make me rich in the future

[Senor.Bla]

someone once explained to me how bitcoin could prevent to be overtaken by another coin. in his scenario bitcoin had the biggest hashing power and could destroy another coin with an simple 51% attack. i believed that then and thought no coin could overcome bitcoin. well since mining bitcoin is done by special mining equipment only good for bitcoin this argument is invalid. seems to me that bitcoin has to be the better coin, which is maybe just a question of time until some better coin comes along. a second big point for bitcoin is, that it was there from the beginning, which is a plus. time will tell.

[WiseOldSage]

I am not using any other crypto currency at the moment, but I don't think any of them will ever overtake bitcoin. Its the standard of all, its like money now, do you see money competing with anything else? I really don't see that. So I feel bitcoin will hold it own in the market and would probably keep growing.

But you do see different currencies competing with each other. A century ago, British pound was the world currency. Now it's the USD. In the future it itself may be ousted by yen, or some other currency. It's true, no altcoin so far could provide decent competition to Bitcoin, but I don't think that the future appearance of such an altcoin is that impossible a scenario.

[X-ray]

definitely until the new advanced technology which is better than blockchain will be released,people will start to think which is better,it's the time when bitcoin's fate,but it's still too far to be realized,but it's about the time

[Naficopa]

Bitcoin has been steadily losing market cap dominance, from 90%+ just two years ago to ~80% today.

When it comes to exchange dominance it's just 66.4%.

This trend will probably continue and in a few years there will be people using cryptocurrencies that do not know what bitcoin is.

I'm not sure if your informations are correct, but let say that i trust you

If Bitcoin now have 66,4% of market - this is against all other cryptocurrencies .. so it is something like 1 against 400

Can you tell us which coin have second position on market list and how many % of market cap have?

Edit:

definitely until the new advanced technology which is better than blockchain will be released,people will start to think which is better,it's the time when bitcoin's fate,but it's still too far to be realized,but it's about the time

About what technology better that blockchain are you talking about?!?

[mobnepal]

Bitcoin technology is tested for several years and it is the first of its kind so bitcoin have larger community and developer supports. In crypto world community support is the main reason for success of coin as this increases market demand. Bitcoin have also gone through several hard situation but soak all those pressure over time very effectively. I also feel same, no any altcoin can dominate crypto market just like bitcoin.

[Yutikas_11920]

definitely until the new advanced technology which is better than blockchain will be released,people will start to think which is better,it's the time when bitcoin's fate,but it's still too far to be realized,but it's about the time

Yeah, it's a reality of technology is such that, if in the future there is new technology that is more profitable and better than bitcoin then surely everyone will switch using bitcoin or they use both. This will not be a problem because it's still too far away and we enjoy what we're doing

[X-ray]

definitely until the new advanced technology which is better than blockchain will be released,people will start to think which is better,it's the time when bitcoin's fate,but it's still too far to be realized,but it's about the time

About what technology better that blockchain are you talking about?!?

well it's about the future,just see new technology developed and announced every year,technology always growing up,just like phone which in the past have an antena and now becoming smart phone,it's how technology grow,and in the future there must be a better technology released or blockchain's technology is going to be developed further more

[Oralmat]

I think the same.
Altcoin to me is just a way to multiply my bitcoins, sometimes all my bitcoins are invested in a few altcoins but in the end i sell all of them for more bitcoins.

I agree to this as no Altcoins can be compared to bitcoins.  None of the Altcoin is near in terms of volume or price to bitcoins. People buy altcoin just to get the profit and then sell them again for bitcoins.

[MingLee]

Bitcoin has been steadily losing market cap dominance, from 90%+ just two years ago to ~80% today.

When it comes to exchange dominance it's just 66.4%.

This trend will probably continue and in a few years there will be people using cryptocurrencies that do not know what bitcoin is.

Note that a majority of the market cap lost is overhyped cryptos that don't really do anything and have a high market cap either because of a large buy-in or it's actively used in speculation.

Also, notice how about 1/11th of the market cap is coming straight from Ethereum. Literally 9% of the ~20% you're referring to is coming straight out of a single crypto, and it makes up 11-12% if you include ETC.

Also; exchanges are typically places where speculation happen with other cryptos. You have a 66.4% amount because half the Bitcoin put into speculation is traded our of it + whatever else Bitcoin is being traded for. More people are involved with trading alts when compared to trading Bitcoin back and forth with a USD value, and so low market dominance makes sense because everyone is speculating on high-risk "stocks".

[TastyChillySauce00]

I think the same.
Altcoin to me is just a way to multiply my bitcoins, sometimes all my bitcoins are invested in a few altcoins but in the end i sell all of them for more bitcoins.

I agree to this as no Altcoins can be compared to bitcoins.  None of the Altcoin is near in terms of volume or price to bitcoins. People buy altcoin just to get the profit and then sell them again for bitcoins.

until now it's definitely true, i haven't seen real efforts by those devs to make their altcoin to be a primary cryptocurrency and trying to be used anywhere instead of just making ICO,letting it get into the exchangers and then leave,such an irony even altcoins released every month

[Kprawn]

The trend seems to be people hyping up some coin and then everyone starts buying it, then something happens and people start running back to Bitcoin. How much of this is manipulation of the

markets, will probably never be known. Bitcoin is to Crypto currency, like Gold is for other commodities... a safe heaven against the storm.   ...The Mommy to run to, when you get hurt.   ... The

Mother of All Crypto currencies.  

[gentlemand]

Yeah, it's a reality of technology is such that, if in the future there is new technology that is more profitable and better than bitcoin then surely everyone will switch using bitcoin or they use both. This will not be a problem because it's still too far away and we enjoy what we're doing

It's money first, technology second. I doubt this forum would have more than a few hundred members if the whiff of money didn't hang around it.

You can't switch your funds and the trust earned to something new without risking setting a large amount of your funds on fire.

'Good enough' is an element that works in plenty of areas even when there's no money on the line. When there is, the incentive to improve, and tolerate, what you have overpowers every other thing.